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! Required information [ The following information applies to the questions displayed below. ] Warnerwoods Company uses a perpetual inventory system. It entered into the

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Required information
[The following information applies to the questions displayed below.]
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.
\table[[Date,Activities,Units A,Acquired at cost,Units Sold at Retail],[March 1,Beginning inventory,90 units,@ $50.80 per unit,],[March 5,\table[[Purchase]],220 units,@ $55.80 per unit,],[\table[[March 9],[March 18]],Sales,,,250 units @ $85.80 per unit],[\table[[March 18],[March 25]],Purchase,80 units,a $60.80 per unit,],[March 25,Purchase,140 units,@ $62.80 per unit,],[March 29,Sales,,,120 units @$95.80 per unit],[,Totals,530 units,,370 units]]
Compute gross profit earned by the company for each of the four costing methods. For specific identification, units sold include 60 units from beginning inventory, 190 units from the March 5 purchase, 40 units from the March 18 purchase, and 80 units from the March 25 purchase.
Note: Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.
\table[[Gross Margin,FiFO,LIFO,\table[[Weighted],[Average]],Specific ID],[Sales,,,,],[Less: Cost of goods sold,,,,],[Gross profit,,,,]]
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